It is not uncommon for cryptocurrencies to note an increase in trading volume during certain periods. At the same time, a fair few coins tend to see rather strange trading volume, as the following six coins will illustrate. This unusual trading volume is not necessarily something to be overly concerned about, yet it is still interesting to keep an eye on. Information is provided by Bitgur.

On Wednesday, The Daily features a couple of announcements from Coinbase: the US crypto exchange enables instant purchasing with increased daily trading limits and is now accepting ETC deposits on its Coinbase Pro platform. We’ve also covered the opening of ABCC’s European headquarters in Malta and Omniex’s decision to appoint two former regulators as advisors.

Nasdaq Inc’s SMARTS trade surveillance technology is now employed by five cryptocurrency exchanges, according to reports. Last week it held a closed-door meeting to help improve the profile of cryptocurrencies in global markets.

According to Bloomberg reporting, Nasdaq Inc recently organized a meeting between its experts and cryptocurrency exchanges. Confirmed in attendance were representatives from Gemini, the exchange launched by Tyler and Cameron Winklevoss in 2016. In April 2018, Gemini contracted Nasdaq Inc in order to utilize its SMARTS trade monitoring technology.Read more...

In recent mining news, Brookstone Partners has announced its intention to build a 900-megawatt wind farm in Dakhla, Morocco, Hydro-Québec has been given permission to charge cryptocurrency miners increased rates, and DMG has begun installing its 85-megawatt substation in Canada.

Even though Canada has become a very important country for cryptocurrency mining, it seems things are changing behind the scenes. The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners. As such, the rates will be increased by up to 300%, which might make the mining process unprofitable.

Big Changes Ahead for Hydro-Quebec

It was announced last week that Quebec’s Régie de l’énergie was not too happy about the influx of cryptocurrency mining operations. Although the province has no shortage of renewable energy, there are growing concerns over how the growing number of mining operations are putting a lot of pressure on the power grid. This issue is not unique to Quebec by any means, though, as other regions around the world have voiced similar concerns over the past few months. Read more...

There is an upsurge in the cryptocurrency trading volume in India. This increase is occurring despite the crypto ban issued by the Reserve Bank of India (RBI) in April 2018. As a result, crypto stakeholders remain confident that the market will continue to flourish even after the ban officially takes effect in July 2018.

Increase in Prices and Daily Trading Volume

Crypto prices and daily trading volumes have increased in the aftermath of the RBI ban. According to Reuters, the average price of bitcoin in India is $ 9,270. This figure is significantly higher the average bitcoin price in the few days after the RBI announcement which was $ 5,250. The average crypto trading volume in the country has also increased. According to Pune, a crypto exchange platform based in India, daily trading volume has reached $ 75 million. Read more...